On February 19, 2026, Gulf nations took a central role in the inaugural meeting of President Donald Trump’s Board of Peace in Washington, D.C. Collectively pledging over $4 billion, Qatar, Saudi Arabia, Kuwait, and the UAE signaled strong regional support for the “Phase Two” reconstruction of the Gaza Strip. The meeting, held at the newly renamed Donald J. Trump U.S. Institute of Peace, brought together representatives from over 45 countries to implement a 20-point peace roadmap endorsed by the UN Security Council.
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The financial commitments were led by Qatar, Saudi Arabia, and Kuwait, which each pledged $1 billion. The UAE added $1.2 billion specifically for Gaza’s recovery, on top of the $3 billion it has provided since 2023. Beyond funding, Morocco offered to deploy police officers and establish a military field hospital, while Bahrain committed to building a digital services platform for the enclave. Trump announced a massive $10 billion U.S. contribution to the board, though congressional approval for these funds remains a pending hurdle.
Gulf states have pledged over $4 billion toward Gaza reconstruction at President Trump’s inaugural Board of Peace meeting.
Saudi Arabia, Qatar and Kuwait committed $1 billion each, while the UAE pledged $1.2 billion — forming the core of a $7 billion initial fund.
The US… pic.twitter.com/x0ltzUhZnX
— Smashi (@smashibusiness) February 20, 2026
Despite the October 10, 2025 ceasefire, the board faces immediate challenges, including over 600 truce violations and Hamas’s continued refusal to disarm. The Board of Peace, which grants permanent seats to donors of $1 billion, aims to transition Gaza’s governance to a technocratic National Committee for the Administration of Gaza (NCAG).
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